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will also hear from president obama, who signed the deficit reduction measure into law, part of the deal to raise the debt ceiling. first, senate majority leader harry reid and republican majority leader mitch mcconnell will talk on the senate floor about the january fiscal deadline. >> since our country voted to return president obama to the white house, i have spoken often about compromise. i remain optimistic that, when it comes to our economy, when it comes to protecting middle-class families from a whopping tax hike, republicans and democrats will be able to find common ground. president dwight eisenhower, a republican, once said, "people talk about the middle of the road as though it were unacceptable. there have to be compromises. the middle of the road is all usable space." so said white house and higher. -- dwight eisenhower. too often, we face off, not realizing that the solution rests somewhere in the middle. i remind everyone of one fact. this congress is one vote away from avoiding a fiscal cliff for middle-class families and small businesses. we can solve the greatest econo
back to work, a deal with our deficit, and we will not have economic security for the future. in order to create jobs and fiske our economy, we have to invest in energy production and domestic manufacturing capacity. they are the engines of economic growth for us in the future. we have to go back to being the country that builds things, rather than the one that just consumes goods that have been produced overseas. with that in mind, i have championed the legislation to create a national infrastructure bank. according to a recent report, failing to invest in our nation 's infrastructure could cost the united states $129 billion a year and over the next 10 years. it reads, u.s. businesses added $430 billion in transportation costs. u.s. exports will fall. meanwhile, we are falling behind in the global economy. china invests 9% of their gross domestic product in infrastructure. india, 5% and rising. in america, we spend less than 2% of gdp on infrastructure. it is a concept with broad and bipartisan support. it could help close the gaps. do something about bringing tele-communications acr
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